Auxilo Education Loan for Abroad -A complete Guide | Nomad

Auxilo Education Loan

Feature Detail
Loan Amount 100% COA
INR 40 Lakhs for Unsecured Loans
INR 1 Cr for Secured loans
Interest Rate 10.25% onwards
Interest Rate Type Floating Rates
Minimum Income Flexibility in Parents income
Repayment Partial interest payment during the moratorium period
Processing Fees 0.5 - 1.5%
Margin Money Up to 100% expenses are covered
Loan Tenure Up to 12 years
Processing Time 7-10 days

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How Does an Auxilo Finance Student Loan Benefit Me?

Quality Help from A Trusted Leader in the Industry

  • Auxilo has transformed the aspirations of over 10,000+ students pursuing their study abroad higher education across 25+ countries, 1100+ universities.
  • Auxilo has been a driving force behind the growth of 150+ educational institutions.
  • Awarded As The “Best Education Loan Provider 2022" By National Awards For Leadership & Excellence
  • Awarded As the “Most Preferred Education Loan Provider” by Higher Education Digest
  • Appreciated Under “The Most Promising NBFC To Watch 2022." by Business Connect

Loan Assistance Catered to Your Specific Study Abroad Journey

  • Comprehensive Coverage: Get 100% financing for everything, from pre-admission costs to course fees, airfare, and more.
  • Irresistible Rates: Enjoy attractive interest rates that won't break the bank.
  • Flexibility is Key: Repay your loan on your terms with flexible options tailored to your convenience.
  • "Swift Loans in 24 hours” through this feature a student can easily do the following
    1. Instant Access
    2. Document Upload: Share your documents.
    3. 24-Hour Approval: Get your loan sanctioned within a day

Straightforward Process with No Hassle

  • Customised loan options.
  • Loan sanctions are hassle-free and quick.
  • Repayment Duration Up to 12 years

Free Assistance from Nomad Credit

  • Nomad Credit will assist you in your entire loan option process completely free of charge

Am I Eligible for an Auxilo Education Loan?

Study Abroad Student Loan Eligibility

  • Age: Be at least 18 years old.
  • Citizenship: Must be an Indian citizen.
  • Admission Confirmation: Ensure you have admission confirmation.
  • Co-Borrower: Your application needs a co-borrower earning in India.

Co-applicant Requirements

To secure a loan, you'll need a co-applicant with:

  • Income Stability: They must have a steady source of income.
  • Positive Credit History: A good credit record is a must.
  • Relationship Flexibility: Co-applicants can be family members or legal guardians.
  • Wide Range: Eligible co-applicants include parents, siblings, spouses, and more.

What are my next steps?

  • Get started by registering your interest and telling us more about your study plans. Nomad Credit will help you get everything ready so that applying for funding is effortless.
  • Send us the required documents needed to process your loan option and Nomad will organize and send your file to Auxilo Finance if you are eligible.
  • A Nomad Education Loan Option Manager will provide you updates of when your loan option is successfully logged in and sanctioned.
  • Once you get your application and documents verified by the authorities at Auxilo, you can get your loan structured as per your needs.
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What documents do I need?

For Applicants:

  • PAN or Form No. 60 as defied in Income-Tax Rules, 1962
  • Know Your Customer (KYC) documents: Permanent Account Number (PAN) card, Aadhar card
  • Academic documents: SSC, HSC, graduation
  • Passport
  • Driving License
  • NREGA Card (National Rural Employment Guarantee Act)

If the documents mentioned above don't have an updated address, then the applicant can use the following documents:

  • Fresh Utility Bill: A bill from any service provider (electricity, telephone, post-paid mobile, piped gas, or water) dated within the last two months.
  • Tax Receipt: Present your property or Municipal tax receipt as a solid proof of address.
  • Pension PPOs: If you're a retired government or PSU employee, PPOs with your address are acceptable.
  • Employer's Allotment Letter: A letter of accommodation from certain employers, including government departments, regulatory bodies, and more, can also serve as valid proof

For Co-Applicant:


  • Aadhar Card
  • PAN Card
  • Passport-sized photograph
  • Salary Slips / Salary Certificate (Last 3 months)
  • Income Tax Returns (Last 3 years)
  • 6-month Bank Statement

Self- Employed

  • Aadhar Card
  • PAN Card
  • Passport-sized photo
  • Business Proof
  • Income Tax Returns (Last 3 years)
  • 6-month Bank Statement
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FAQ Icon

Frequently Asked Questions

Who is eligible for an education loan?

  • Indian Residency: You must be an Indian resident.
  • Confirmed Admission: Secure admission to recognized institutions, in India or abroad.
  • Age Range: Your age should be 18 to 35 when applying.
  • Educational Pursuit: Pursue graduate/postgraduate degrees or PG diplomas.
  • Approved Institutions: Opt for colleges or universities affiliated with UGC/AICTE/Govt.
  • Co-Applicant Requirement: Full-time students need a co-applicant like a parent/guardian or spouse/parent-in-law.
  • Steady Income: Your co-applicant should have a stable income source.
  • Academic Record Matters: A strong academic record can expedite approval

Who qualifies as a co-applicant for my education loan application?

Your co-applicant can be your parents, siblings, parent-in-law, or spouse.

On what basis is my study abroad education loan evaluated?

  • Comprehensive Assessment: Auxilo employs a thorough evaluation process.
  • Key Parameters: Factors like university/course popularity and co-applicant's creditworthiness shape the eligibility criteria.

Is there a difference in the required documents for an education loan depending on the institution?

  • Common Requests: Most institutions will ask for documents like proof of where you live, your age, and your income.
  • Unique Needs: But, each institution might also have its own set of documents based on their specific eligibility criteria for student loans.

How to Improve Your Educational Loan Eligibility?

  • Ace Those Exams: Maximize eligibility by excelling in your qualifying exams. High scores open doors.
  • Choose Wisely: Opt for a renowned institute or university—top-tier choices boost your chances.
  • Academic Excellence: Showcase your strong academic track record as evidence of your commitment to education.
  • Future Promise: Demonstrate a bright future with potential for employment or income generation.
  • Financial Strength: A robust financial background from parents, guardians, or co-borrowers can enhance your eligibility.